Barracuda Reports Third Quarter Fiscal 2018 Results
January 08, 2018 at 16:15 PM EST
CAMPBELL, Calif., Jan. 8, 2018 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled security and data protection solutions, today announced results for its third quarter fiscal 2018, that ended November 30, 2017.
"We delivered a strong third quarter driven by continued momentum in our core focus areas," said BJ Jenkins, president and CEO. "As we announced in November, we entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at $27.55 per share, or approximately $1.6 billion. The proposed transaction is expected to close before our fiscal year end of February 28, 2018."
Third Quarter Fiscal 2018 Financial Summary
The reconciliation between non-GAAP and their most closely comparable GAAP equivalent is contained in the tables below. Barracuda will not hold an earnings conference call or provide financial guidance.
Non-GAAP Financial Measures
Beginning in the third quarter of fiscal 2017, we modified our reporting practices and our historical presentation of adjusted EBITDA and free cash flow. We no longer adjust for changes in deferred revenue and associated deferred costs in our calculation of adjusted EBITDA, and for free cash flow we will not adjust for the cash payment impact of acquisition and other charges. Prior period information has been recast to conform to the adjusted calculations.
About Barracuda Networks, Inc. (NYSE: CUDA)
Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries.
View original content with multimedia:http://www.prnewswire.com/news-releases/barracuda-reports-third-quarter-fiscal-2018-results-300579297.html
SOURCE Barracuda Networks, Inc.